https://www.taxtmi.com/caselaws?id=409957 The appeal filed by the assessee was dismissed by the court. The objections raised regarding the validity of reopening of assessment and addition on account of cash deposits in the bank account were deemed lacking in merit due to the assessee's failure to provide substantial evidence or dispute the findings. The CIT(A)'s decision to restrict the addition on income from transactions on MCX to 1% was upheld, resulting in the dismissal of the appeal. en-us Thu, 15 Jul 2021 00:00:00 +0530 Wed, 21 Jul 2021 10:08:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409957 The appeal filed by the assessee was dismissed by the court. The objections raised regarding the validity of reopening of assessment and addition on account of cash deposits in the bank account were deemed lacking in merit due to the assessee's failure to provide substantial evidence or dispute the findings. The CIT(A)'s decision to restrict the addition on income from transactions on MCX to 1% was upheld, resulting in the dismissal of the appeal. Case-Laws Income Tax Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409957